#StablecoinSurge Stablecoins are a type of cryptocurrency designed to maintain a stable value, generally linked to an underlying asset such as the US dollar, the euro, or even commodities like gold. Their main purpose is to offer stability in a cryptocurrency market characterized by high volatility.

There are several types of stablecoins depending on the mechanism they use to maintain their parity. The most common are those backed by fiat money, where each token is guaranteed by an equivalent amount of currency in a bank account. Examples of this type include USDT (Tether), USDC (USD Coin), and BUSD (Binance USD).